Mphasis technical analysis

According to the latest Pivot data, Mphasis’s immediate technical levels for the selected time period 5 minutes indicate key support and resistance zones that traders should closely monitor. The pivot point is positioned at ₹2659.13, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹2693.16, ₹2738.03, and ₹2772.06, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹2614.26, ₹2580.23, and ₹2535.36, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Mphasis’s price movement.